1. Macedonian Country
Action Plan

2. Introduction
Sean Sweeney - HELM
William Buckley - HELM

3. Terms of Reference
To facilitate & support development of Country Action Plan for Macedonia
To address the findings & recommendations of the ROSC (Report on Observation of Standards & Codes) – Audit & Accounting
To support Macedonia’s EU accession strategy

4. Strategic Context Financial architecture and reducing risk;
Foreign direct and portfolio investment;
Mobilise domestic savings;
Smaller-scale corporate borrowers;
Taxes on corporate profits;
Informed investment decisions; and
Integration into global capital markets

5. Background Acquis Communautaire – Chapter 5
Looming Acquis – New 8th Directive
New international financial architecture – restoring public & investor confidence

6. Developing a Plan Establish a representative steering group: MoF
National Bank
Regulators – SEC
Profession – Audit & Accounting
Academia
Corporate/Commercial Sector
Others – Central Registry, PRO, etc.

7. Steps (previous CAPs) Situation analysis – Update ROSC
Discussion Papers – Acquis requirements & other EU models
GAP analysis & option appraisal
Agree approaches & consultation
Draft plan & stakeholder approval
Gov’t endorsement
Funding strategy